Three hurricanes, combined with the already high real-estate prices, have made people reconsider whether to retire to Florida.The cost of homeownership has increased due to stricter building codes.The influx of retirees is not expected to change because the baby boom generation is approaching retirement age and Florida has long attracted many retirees.Which of the following factors is tending to move the demand curve for Florida housing to the right?
A) The aging of the baby boomers, increasing the number of people who are retiring
B) The increase in the cost of insurance
C) The already high real-estate prices
D) The current high construction costs
Correct Answer:
Verified
Q26: Which of the following would cause quantity
Q27: The distinction between demand and the quantity
Q29: Which of the following is not held
Q36: The effect of higher gasoline prices is
Q37: Given that diesel cars get much better
Q38: Refer to the graphs shown.An increase in
Q39: The growing popularity of a commercial weight-loss
Q39: Refer to the graphs shown.The effect of
Q40: The use of the phrase "other things
Q43: To derive a market demand curve from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents